During 2021, a company sells 381 units of inventory for $88 each. The company has the following inventory purchase transactions for 2021 Number of Unit Date Transaction Jan. 1 Beginning inventory May 5 Purchase Nov. 3 Purchase Unit Cont 361 63 66 166 190 423 Total cont $ 4,087 10,450 12,540 $27,085 Calculate ending inventory and cost of goods sold for 2021 assuming the company uses LIFO, Ending inventory Cost of goods sold For each transaction, indicate whether a company would classity the related account as an asset, liability, stockholders equity dividend, revenue, or expense. Transactions 1. Receive cash from investors 2. Pay rent for the current period 3. Purchase office equipment 4. Pay cash to stockholders. 5. Provide services to customers. Related Accounts Account Classification Common Stock Rent Expenso Equipment Dividends Service Revenue